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violently surges?
Yesterday's CPI data was hawkish, yet the market staged a textbook-level leveraged mutual liquidation! Many folks were stunned, clearly the data was negative, so why did the market rally first?
Let's look at the real capital data:
Within 1 hour of the data release, short positions liquidated nearly $250 million; within 4 hours, the entire network cleared $470 million, of which short liquidations accounted for $350 million.
First, a violent short squeeze; after the shorts
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